Hedge-Fund Managers' Selling
Pushes U.S. Treasurys Lower

NEW YORK -- Bond prices posted declines of as much as 14/32 point Monday ahead of Tuesday's meeting of Federal Reserve policy makers.

Reports of moderate selling by hedge-fund managers and some central banks helped push the price of the bellwether 30-year bond issue, the 6.75% bond maturing in August 2026, down by 14/32 point, or $4.375 for a $1,000 bond, to 99 10/32. The yield, which moves in the opposite direction to the price,...